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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Southern (SO)
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06/25/201511:29:55Current Report Filing (8-k)
06/24/201509:00:00Southern Company subsidiary surpasses 400 MW of solar generation...
06/23/201514:00:00Southern Company ranked among "Best Places to Work in IT"
06/19/201514:24:0064,000-pound CA04 module placed into Vogtle Unit 4 nuclear island
06/19/201513:51:55Annual Report of Employee Stock Plans (11-k)
06/17/201513:30:00Georgia Power offers tips to save money as heat wave hits Georgia
06/16/201517:38:00Plant Vogtle unveils new FLEX Dome
06/15/201515:14:00Georgia Power highlights EV programs during 5th Annual AFV Roadshow
06/15/201513:04:02Stocks to Watch in Nuclear
06/12/201514:15:001.3 million-pound Unit 3 Steam Generator arrives from South Korea
06/12/201510:37:21Current Report Filing (8-k)
06/10/201514:19:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/10/201513:08:00Evans named vice president of Georgia Power Human Resources
06/10/201508:00:00Eight Utilities and Energy Companies Announce Plans for Critical...
06/09/201516:40:37Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/09/201509:42:19Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/03/201515:30:00Georgia Power marks transmission milestones in Vogtle expansion
06/02/201511:11:10Statement of Changes in Beneficial Ownership (4)

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